Tag Archives: Sierra Gorda

Mining giant KGHM said Sierra Gorda board appointed Mirosław Kidoń as Managing Director as of July 1. Previously, he was the general manager of Ore Enrichment Plants in KGHM Polska Miedź S.A. The board also discussed plans to increase the average annual processing capacity of the Sierra Gorda mine s...

WSE-listed silver and copper giant KGHM expects daily copper ore output at its Chilean mine Sierra Gorda to increase by 18 percent next year from current levels to reach 130k metric tons. KGHM will also commission the copper concentrate roasting installation by the end of 2018, the firm said. Comple...

WSE-listed copper and silver giant KGHM is considering “permanently freezing” its copper and gold mining Ajax project in Canada after local authorities said it will not issue environmental certification for the project. “We are freezing this project in order to bear the minimum possible costs....

WSE-listed, state-run copper and silver giant KGHM’s Chilean copper mine in Sierra Gorda could be profitable in 3-4 years, company’s CEO Radosław Domagalski said. “We have much better control of the Sierra Gorda project and can fully say we want to stay. There is a huge space for improvement within ...

WSE-listed copper and silver giant KGHM expects that its Chilean Sierra Gorda mine will be generating positive financial flows within the next 2-3 years, company’s CEO Radosław Domagalski-Łabędzki said. The CEO assured that the development abroad would remain an element of the company’s strate...

WSE-listed, state-owned copper and silver giant KGHM has changed the financing model of its Chilean mine in Sierra Gorda to corporate credit from project finance, KGHM said in a market filing. “The nature of the financing will significantly decrease the limitations and duties of Sierra Gorda and in ...

WSE-listed copper and silver producer will not be seeking to continue the second phase of development of its Chilean Sierra Gorda copper mine. “In current macroeconomic situation, the further development of the mine has lost its purpose. It is not being considered at this moment,” KGHM CEO Radosław ...

WSE-listed state-owned copper and silver giant KGHM will not abandon its Chilean investment in Sierra Gorda, despite a PLN 4.33 billion write-off on the project last year. “We want to be here. Our engagement in Chile is long term. Now we see real progress,” company’s CEO Radosław Domagalski-Ła...

WSE-listed silver and copper producer KGHM will write $1.242 billion in impairments including tax impact against foreign assets, including $1.03 billion for its Chilean mining operations in Sierra Gorda, the firm said in a market filing. Besides the Chilean copper mine, the impairments include, comp...

WSE-listed copper and silver producer KGHM will continue the Chilean Sierra Gorda project, said acting Treasury Minister Henryk Kowalczyk. Currently, the company is analyzing three potential scenarios for the mine, but all of them assume the continuation of the project. According to Kowalczyk, the p...

At end-October, the number of dwellings on which construction has started increased by 9.5 percent y/y to 194k, according to data released by the Central Statistics Office (GUS). Out of that number, 112.6k houses are being built by developers and 77k...

Discount retailer Biedronka will open its store at Ghelamco Poland’s The Warsaw HUB mixed-use project in Warsaw. The chain has leased 1,085 sqm at the scheme for the period of ten years. Located in the Rondo Daszyńskiego area of the Wola district of ...

Investor Adgar Poland has acquired an office building located on ul. Czackiego 15/17 in downtown Warsaw from Molina Nieruchomości. The value of the transaction amounts to PLN 36 million. The seven-floor property offers approximately 4,000 sqm of leas...

Developer ECC Real Estate has opened for business its Nowa Stacja shopping center in Pruszków near Warsaw. The mall comprises approximately 27,000 sqm of space and houses around 100 stores and points of service. It was built by general contractor Kar...
Nowa Stacja mall opens in Pruszków

The future is coming. Space exploration, longevity, Biotechnology, in vitro meat, artificial intelligence, reading emotions, robotics, the blockchain, the future of media and medicine, investing in technology. That is the world of tomorrow which we w...

The 23rd annual Book of Lists Gala welcomed 180 guests – top-level executives across all industries. Like each year, the gala focused on major players operating in various sectors in Poland and awarded them with distinctions for their successes....

Being asked about salary expectations is almost always the most awkward part of a job interview. But it is equally or even more uncomfortable when a candidate is asked how much they earn in their current job. Should information about salaries be full...